Cardiff University spin-out Medaphor Group, which makes the ‘ScanTrainer’ platform to train students, doctors and sonographers, is set to join a handful of Welsh publicly listed businesses when it joins AIM.

Medaphor is backed by intellectual property developer IP Group and led by chief executive Stuart Gall. Its chairman is Riccardo Pigliucci, who has more than 30 years’ experience of running and guiding private and publicly listed high technology companies.

About 100 ‘ScanTrainer’ simulators are currently installed in more than 80 hospitals around the world and the company is in the process of expanding its platform simulator technology into the obstetrics and gynaecology, general medical and emergency medicine markets.

The business, which also has a base in San Diego, has yet to confirm how much it hopes to raise by going public, but the float should take place before the end of the month.

Cenkos Securities is acting for Medaphor.